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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-08-24
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 89,324 tonnes of cargo comprising 72,186 tonnes of import cargo and 17,138 tonnes of export cargo including 5,544 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 72,186 ton
Published 24 Aug, 2012 12:00am
Oil cake market rates

Oil cake market rates

Bullish trend was seen on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The December vaida that had closed at Rs 447.30 opened with 20 paisa gain at Rs 447.50 in process of trading, they said. The January contract
Published 24 Aug, 2012 12:00am
Prices up as fresh rains in Punjab disrupt phutti supply

Prices up as fresh rains in Punjab disrupt phutti supply

Prices showed modest rise on the cotton market on Thursday as fresh rains in Punjab caused stoppage of phutti arrivals, dealers said. Official spot rate was higher by Rs 50 to Rs 5850, they said. In the ready business about 8,000 bales of cotton changed h
Published 24 Aug, 2012 12:00am
Good local demand for cotton

Good local demand for cotton

After a hiatus of nearly one week of Eid-ul-Fitr and weekly holidays, the cotton market showed a steady to tight condition on Thursday. Recent gains over the previous days on the New York cotton futures market (ICE) and tightness in the commodity complex,
Published 24 Aug, 2012 12:00am
Good local demand for cotton

Good local demand for cotton

After a hiatus of nearly one week of Eid-ul-Fitr and weekly holidays, the cotton market showed a steady to tight condition on Thursday. Recent gains over the previous days on the New York cotton futures market (ICE) and tightness in the commodity complex,
Published 24 Aug, 2012 12:00am
German airport Hahn risking insolvency

German airport Hahn risking insolvency

Germany's Hahn airport needs government funding to avoid insolvency, a shareholder representative was quoted as saying on Wednesday, as falling passenger numbers exacerbate losses. Jochen Riebel, a former local secretary of state who represents minority s
Published 24 Aug, 2012 12:00am
India says approval delays hit 52 oil, gas blocks

India says approval delays hit 52 oil, gas blocks

Energy firms that have invested more than $12 billion have been hit by delays on required approvals for 52 exploration blocks, some awarded as far back as 1999, Oil Minister S. Jaipal Reddy said in a written response to parliament. Approvals have been del
Published 24 Aug, 2012 12:00am
Irish mortgage arrears rise at slower pace in second quarter

Irish mortgage arrears rise at slower pace in second quarter

The number of problem mortgages in Ireland rose at a slower pace in the second quarter, in a small positive for the bailed-out economy and its banks, which nevertheless still face pressure from stubbornly high unemployment and falling house prices. Almost
Published 24 Aug, 2012 12:00am
Row escalates over sale of Burgundy estate to Chinese

Row escalates over sale of Burgundy estate to Chinese

France's far-right Front National (FN) on Thursday weighed into a row over the sale of a historic Burgundy chateau and its coveted vineyards to a Chinese businessman. The sale of the Chateau de Gevrey-Chambertin, a listed 12th-century building which has t
Published 24 Aug, 2012 12:00am
China to build 1,000 megawatts plant in Malawi

China to build 1,000 megawatts plant in Malawi

China Gezhouba Group Corp plans to build a $500 million, 1,000 megawatts thermal plant in Malawi, which suffers from frequent power shortages, the minister of energy and mining said on Thursday. "Construction of the power plant, which is expected to cost
Published 24 Aug, 2012 12:00am
Marubeni's $5.6 billion Gavilon deal hits delay

Marubeni's $5.6 billion Gavilon deal hits delay

The completion of Japanese trader Marubeni Corp's purchase of US grain merchant Gavilon is being delayed by at least two months as talks on ownership of an important West Coast export terminal and regulatory reviews hold up the $5.6 billion deal, people f
Published 24 Aug, 2012 12:00am
Former RBS trader details bank's Libor fixing

Former RBS trader details bank's Libor fixing

A former dealer for the Royal Bank of Scotland Group PLC has provided fresh details on how traders at the British bank tried to influence Libor rates, court documents filed in Singapore show.
Published 24 Aug, 2012 12:00am
Taiwan evacuates nearly 5,000 as typhoon closes in

Taiwan evacuates nearly 5,000 as typhoon closes in

Taiwan evacuated nearly 5,000 people Thursday ahead of Typhoon Tembin, as a military official warned major measures were needed a avoid a repeat of a deadly disaster three years ago. About 50,000 soldiers were on standby on the island, where memories are
Published 24 Aug, 2012 12:00am
Iran expands nuclear capacity in underground bunker

Iran expands nuclear capacity in underground bunker

Iran has installed more uranium enrichment machines in an underground bunker, diplomatic sources said on Thursday, potentially paving the way for a significant expansion of work the West fears is ultimately aimed at making nuclear bombs. If confirmed, the
Published 24 Aug, 2012 12:00am
Four dead, 28 hurt in Slovenia hot-air balloon crash

Four dead, 28 hurt in Slovenia hot-air balloon crash

Four people were killed and 28 injured, including eight seriously, when a hot-air balloon crashed and caught fire south of the Slovenian capital Ljubljana early Thursday, authorities said. Officials said the crash occurred around 8:00 am local time (0600
Published 24 Aug, 2012 12:00am
Israel summons South Africa envoy over settler goods labels

Israel summons South Africa envoy over settler goods labels

Israel's foreign ministry on Thursday summoned South Africa's envoy to formally protest Pretoria's decision to place "Occupied Palestinian Territory" labels on goods from Jewish settlements. Foreign ministry spokesman Yigal Palmor said ambassador Ismail C
Published 24 Aug, 2012 12:00am
Abbas waging 'diplomatic terror': Israel's Lieberman

Abbas waging 'diplomatic terror': Israel's Lieberman

Palestinian leader Mahmud Abbas is waging a form of "diplomatic terror" against Israel that is as dangerous as the violent threat posed by Hamas, Foreign Minister Avigdor Lieberman said on Thursday. It was his second personal attack on Abbas in as many da
Published 24 Aug, 2012 12:00am
Zuma names judicial probe into mine deaths

Zuma names judicial probe into mine deaths

South African President Jacob Zuma named a judicial commission Thursday to carry out a wide-ranging inquiry into clashes that killed 44 people during a miners' strike and the labour conditions behind the unrest. Zuma had announced the inquiry on the day a
Published 24 Aug, 2012 12:00am
Dozens hurt as Chinese trains collide

Dozens hurt as Chinese trains collide

Two Chinese passenger trains collided Thursday leaving dozens of people injured, the official Xinhua news agency reported, in the latest accident to hit the country's rail network. At least 24 people were hurt in the collision at Jiamusi station, in the n
Published 24 Aug, 2012 12:00am
US urges India to respect freedom of expression

US urges India to respect freedom of expression

The United States on Thursday urged India to respect freedom of expression after the government threatened to take action against Twitter over content alleged to have inflamed ethnic tensions. "As the Indian government seeks to preserve security, we are u
Published 24 Aug, 2012 12:00am
India warns Twitter over ethnic violence rumours

India warns Twitter over ethnic violence rumours

India threatened to take action on Thursday against Twitter over content alleged to have inflamed ethnic tensions, as leaked documents revealed the government scrambling to censor online material. More than 309 orders have been issued demanding the remova
Published 24 Aug, 2012 12:00am
Ethiopia mourns amid political handover preparations

Ethiopia mourns amid political handover preparations

Ethiopians mourned on Thursday the passing of both their political and religious leaders, as preparations continued for a handover to strongman prime minister Meles Zenawi's interim successor. The funeral of Abune Paulos, the patriarch of the powerful Eth
Published 24 Aug, 2012 12:00am
Rains kill 27 in western India

Rains kill 27 in western India

Heavy rains over the past two days have killed at least 27 people and left thousands homeless in western Rajasthan state, officials said on Thursday. "Twenty-seven persons have been killed in rain-related incidents. Maximum deaths have occurred in state c
Published 24 Aug, 2012 12:00am
US looks at new early-warning radar for Japan

US looks at new early-warning radar for Japan

The US military is looking at deploying a new early-warning radar to Japan to help counter possible missile threats from North Korea, a US official said Thursday. "This is an idea under consideration. It makes sense given the threat posed by North Korea,"
Published 24 Aug, 2012 12:00am
One Turkish soldier killed in fresh PKK attacks

One Turkish soldier killed in fresh PKK attacks

Kurdish militants attacked two army posts in south-east Turkey on Thursday, killing at least one soldier, officials said, hours after Ankara said it had killed 16 guerrillas in the area following a raid on a military convoy. The clashes underscore a growi
Published 24 Aug, 2012 12:00am
Burton's 'Frankenweenie' opens London film festival

Burton's 'Frankenweenie' opens London film festival

Tim Burton's Frankenweenie, a black-and-white animated tale of a boy and his dog, will be the opening picture at this year's London film festival, organisers announced on Thursday. Disney's stop-motion animated 3D movie will feature the voices of Catherin
Published 24 Aug, 2012 12:00am
Six killed by Afghan roadside bomb

Six killed by Afghan roadside bomb

A roadside bomb killed six civilians, mostly women and children, travelling in a motorised rickshaw in southern Afghanistan Thursday, police said. "Tragically two women, three children and one man were killed in the explosion" in Spin Boldak district near
Published 24 Aug, 2012 12:00am
Isaac could become hurricane before reaching Haiti

Isaac could become hurricane before reaching Haiti

Tropical Storm Isaac barrelled towards the Dominican Republic and Haiti on Thursday, as forecasters warned it could turn into a hurricane that hits Hispaniola and Guantanamo Bay by the weekend. Hurricane-force winds and heavy rain could hit parts of Hispa
Published 24 Aug, 2012 12:00am
Russia asks US to extradite arms smuggler

Russia asks US to extradite arms smuggler

Russia formally asked Washington on Thursday to extradite arms smuggler Viktor Bout after a US court jailed him for 25 years for conspiring to supply anti-American guerrillas in Colombia. Moscow's justice ministry said it sent the petition for Bout to ser
Published 24 Aug, 2012 12:00am
John Lennon's killer denied parole again

John Lennon's killer denied parole again

Mark David Chapman, who shot dead Beatles star John Lennon in 1980, was denied parole from prison on Thursday for the seventh time, officials said Thursday. Chapman, 57, was told by the New York State Board of Parole at a hearing on Wednesday that despite
Published 24 Aug, 2012 12:00am
German state bans neo-Nazi groups, raids buildings

German state bans neo-Nazi groups, raids buildings

Nearly 1,000 police officers raided clubhouses and apartments of known neo-Nazis in western Germany on Thursday after a ban was placed on three violent far-right groups in the country's most populous state. Ralf Jaeger, interior minister of North-Rhine We
Published 24 Aug, 2012 12:00am
Democrats exploit rape gaffe in US Congress races

Democrats exploit rape gaffe in US Congress races

Democratic lawmakers desperate to retain control of the US Senate have seized upon the controversial views of a pro-life Republican as a much-needed lifeline in the run-up to November polls. Congressman Todd Akin has been disowned by virtually the entire
Published 24 Aug, 2012 12:00am
US trade gap with China costs 2.7 million jobs

US trade gap with China costs 2.7 million jobs

The huge US trade deficit with China, fuelled by Beijing's actions to depress the value of its currency, displaced or eliminated more than 2.7 million American jobs between 2001 and 2011, the labour-friendly Economic Policy Institute said on Thursday in i
Published 24 Aug, 2012 12:00am
Spain in talks with eurozone over sovereign aid

Spain in talks with eurozone over sovereign aid

Spain is negotiating with the euro zone over conditions for international aid to bring down its borrowing costs though the country has not made a final decision to request a bailout, three sources with knowledge of the matter said on Thursday.
Published 24 Aug, 2012 12:00am
Egypt says it has received $500 million Qatar deposit

Egypt says it has received $500 million Qatar deposit

Egypt said on Thursday it had received an initial $500 million loan from Qatar, part of its effort to secure international finance to stave off a financial crisis. The state news agency MENA quoted Finance Minister Mumtaz El-Saeed as saying it was the fir
Published 24 Aug, 2012 12:00am
Morsi passes law against media detention

Morsi passes law against media detention

Egypt's president, in his first use of legislative powers he wrested back from the army this month, issued a law on Thursday to bar the detention pending trial of defendants involved in offences related to the media, an official said. The announcement by
Published 24 Aug, 2012 12:00am
IMF dims South Africa growth prospects

IMF dims South Africa growth prospects

The International Monetary Fund slightly dimmed South Africa's 2012 growth forecast to 2.6 percent on Thursday and warned that chronic joblessness was a risk to the continent's biggest economy. "If not addressed, the stubbornly high unemployment rate coul
Published 24 Aug, 2012 12:00am
Argentine Congress okays expropriation of scandal-hit firm

Argentine Congress okays expropriation of scandal-hit firm

Argentina's Congress late Wednesday approved the expropriation of a currency-printing company involved in a corruption scandal that has tainted Argentina's vice-president. The measure nationalising the company formerly known as Ciccone Calcografica was ap
Published 24 Aug, 2012 12:00am
Nasdaq's Facebook compensation plan 'inadequate': UBS

Nasdaq's Facebook compensation plan 'inadequate': UBS

Nasdaq OMX Group Inc's proposed $62 million compensation plan for the fallout from the Facebook IPO is "inadequate to address the magnitude of Nasdaq's unprecedented failures", UBS Securities LLC said in a letter to US regulators. UBS Securities, an arm o
Published 24 Aug, 2012 12:00am
Nasdaq's Facebook compensation plan 'inadequate': UBS

Nasdaq's Facebook compensation plan 'inadequate': UBS

Nasdaq OMX Group Inc's proposed $62 million compensation plan for the fallout from the Facebook IPO is "inadequate to address the magnitude of Nasdaq's unprecedented failures", UBS Securities LLC said in a letter to US regulators. UBS Securities, an arm o
Published 24 Aug, 2012 12:00am
Bank of China posts weakest quarterly profit growth in three years

Bank of China posts weakest quarterly profit growth in three years

Bank of China, the country's No 4 lender, posted a 5.1 percent rise in second-quarter net profit on Thursday, its slowest profit growth in over 3 years as China's banks face up to a more competitive market place. April-June net profit of 34.84 billion yua
Published 24 Aug, 2012 12:00am
Bank of China posts weakest quarterly profit growth in three years

Bank of China posts weakest quarterly profit growth in three years

Bank of China, the country's No 4 lender, posted a 5.1 percent rise in second-quarter net profit on Thursday, its slowest profit growth in over 3 years as China's banks face up to a more competitive market place. April-June net profit of 34.84 billion yua
Published 24 Aug, 2012 12:00am
New logo for Microsoft ahead of major launches

New logo for Microsoft ahead of major launches

Microsoft on Thursday unveiled a new corporate logo "to express the company's diverse portfolio of products" as the US tech giant ramps up for a series of big launches. The new logo, updated for the first time in 25 years, features a square which contains
Published 24 Aug, 2012 12:00am
Australia declares resources boom is over

Australia declares resources boom is over

Australia's resources minister on Thursday declared the end of the country's mining boom, a day after the world's biggest miner BHP Billiton shelved two expansion plans worth at least $40 billion. Resources and Energy minister Martin Ferguson later rowed
Published 24 Aug, 2012 12:00am
US data point to slow pace of healing in economy

US data point to slow pace of healing in economy

Growth in the US manufacturing sector picked up in August, a sign the economy is resisting the global economic chill although a rise in new jobless claims last week pointed to a still-sluggish labour market. Financial information firm Markit said on Thurs
Published 24 Aug, 2012 12:00am
Swedish exporters gloomier, eye on strong crown

Swedish exporters gloomier, eye on strong crown

Swedish exporters, a backbone of the Nordic state's economic resilience, are at their gloomiest for more than two years and see the strong crown hitting profitability, a survey showed on Thursday. The crown is close to 12-year highs against the euro, bene
Published 24 Aug, 2012 12:00am
India gives nod to Disney proposal

India gives nod to Disney proposal

India's cabinet has approved a proposal by US media giant Disney to invest 10 billion rupees ($181 million) in the country, a government statement said on Thursday. Disney's proposal was cleared based on recommendations by the Foreign Investment Promotion
Published 24 Aug, 2012 12:00am
Merkel and Hollande unite in tough message for Greece

Merkel and Hollande unite in tough message for Greece

Angela Merkel and Francois Hollande presented a united front towards Greece on Thursday, telling Athens it should not expect leeway on its bailout agreement unless it sticks to tough reform targets. The German and French leaders met in Berlin to fine-tune
Published 24 Aug, 2012 12:00am
India raises current year cotton export forecast about 10 percent

India raises current year cotton export forecast about 10 percent

India's cotton exports should hit a record 12.7 million bales in the season that began on October 1, 2011, up about 10 percent from an earlier estimate, a senior government official said, with the rise spurred by demand from China, the world's largest use
Published 24 Aug, 2012 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded December copper contract on the Shanghai Futures Exchange advanced 1.17 percent to close at 55,980 yuan ($8,800) per tonne on Thursday. China is the world's biggest user of copper, accounting for 40 percent of refined demand last year.
Published 24 Aug, 2012 12:00am
Copper surges to one-month high

Copper surges to one-month high

Copper surged to a one-month peak on Thursday for a third day, buoyed by a strong euro and fresh hopes that US, Chinese and European officials will unleash more stimulus measures to revive their economies, which would in turn boost demand for metals. Thre
Published 24 Aug, 2012 12:00am
Brent crude pares gain as stimulus hopes ease

Brent crude pares gain as stimulus hopes ease

Brent crude pared gains on Thursday as revived hopes for more stimulus from the US Federal Reserve faded and doubts about Europe's ability to address its debt crisis crept back in focus. Brent prices turned lower before settling 10 cents higher, then sees
Published 24 Aug, 2012 12:00am
Tokyo rubber futures rise

Tokyo rubber futures rise

Benchmark Tokyo rubber futures rose 0.8 percent on Thursday, supported by overall strength in commodities after minutes from the latest US Federal Reserve meeting fuelled hopes that another round of quantitative easing might be launched swiftly. The bench
Published 24 Aug, 2012 12:00am
Palm oil down

Palm oil down

Malaysian crude palm oil futures edged off a one-month high on Thursday, as traders turned cautious over demand prospects, with the worst drought in the US Midwest in 56 years pushing oilseed prices higher. "The market looks a little toppish. The current
Published 24 Aug, 2012 12:00am
Corn and soya ease

Corn and soya ease

US corn and soyabean futures eased on Wednesday after reports of some better-than-expected yield prospects encouraged profit-taking from early week highs that stemmed from the country's worst drought in 56 years. Wheat snapped a five-session streak of inc
Published 24 Aug, 2012 12:00am
ICE sugar at 11-week low

ICE sugar at 11-week low

Raw sugar futures on ICE fell to an 11-week low on Thursday, as it they were weighed down by expectations new data will show that favourable weather was speeding Brazil's harvest. Cocoa futures were little changed as historical price charts indicated the
Published 24 Aug, 2012 12:00am
Gold jumps in New York

Gold jumps in New York

Gold surged above $1,650 an ounce on Wednesday for the first time since early May, breaking above its recent trading range as minutes from the US Federal Reserve convinced many bullion investors that another round of monetary stimulus is imminent. Another
Published 24 Aug, 2012 12:00am
Gold, silver jumps in Asia

Gold, silver jumps in Asia

Gold and silver both rose to their highest levels in more than three months on Thursday, shaking off months of lethargy after minutes from the latest US Federal Reserve meeting fuelled hopes for the swift launch of more bond buying. Spot gold climbed 0.7
Published 24 Aug, 2012 12:00am
Gold stays up in Europe

Gold stays up in Europe

Gold rose for a seventh day on Thursday after minutes from the US Federal Reserve's most recent policy meeting gave an unexpectedly clear signal that the central bank may take additional measures to boost the economy. Platinum gained 1.1 percent, rising f
Published 24 Aug, 2012 12:00am
US MIDDAY: corn and soya slip

US MIDDAY: corn and soya slip

US corn prices fell nearly 2 percent on Thursday's early trade and soyabeans eased almost 1 percent as each market set back on a lack of fresh bullish news, analysts and traders said. The worst drought in over a half century in the US crop belt boosted ne
Published 24 Aug, 2012 12:00am
US MIDDAY: copper jumps

US MIDDAY: copper jumps

In New York, COMEX copper for September delivery jumped as much as 1.7 percent midmorning to a fresh one-month high of $1.512 per lb after piercing a 100-day moving average midmorning. It settled 1.1 percent higher at $3.4925 per lb and was on track for i
Published 24 Aug, 2012 12:00am
US MIDDAY: gold hits four-month high

US MIDDAY: gold hits four-month high

Gold rose 1 percent to a four-month high above $1,670 an ounce early on Thursday, bolstered by hopes for a new round of US monetary stimulus and news that Spain is negotiating conditions for a possible aid package. Silver surged 3 percent and platinum gro
Published 24 Aug, 2012 12:00am
Khyber Pakhtunkhwa Governor for peace in FATA

Khyber Pakhtunkhwa Governor for peace in FATA

Governor Khyber Pakhtunkhwa, Barrister Masood Kausar said they want peace in FATA and would do everything possible in this regard. This he said in a meeting with a delegation from Bajurr Agency led by MNA Akhoon Zada Chettan at Governor's House, Peshawar.
Published 24 Aug, 2012 12:00am
National cultural show on August 28

National cultural show on August 28

Pakistan National Council of the Arts (PNCA) in collaboration with Ministry of National Heritage and Integration has scheduled a "National Cultural Show" in connection with Independence Day Celebrations here on August 28. The colorful show will mesmerise
Published 24 Aug, 2012 12:00am
Blasphemy suspect 'denied meeting with lawyer'

Blasphemy suspect 'denied meeting with lawyer'

A lawyer for a young Christian girl arrested on blasphemy charges in a poor suburb of Islamabad claimed Thursday he had been refused a meeting with her. Rimsha, aged between 11 and 16, is being held in a jail in Islamabad's twin city Rawalpindi, and her c
Published 24 Aug, 2012 12:00am
Majeed directs early rehabilitation of Mangla dam affected people

Majeed directs early rehabilitation of Mangla dam affected people

Azad Jammu & Kashmir (AJK) Prime Minister Chaudhry Abdul Majeed on Thursday directed the departments concerned, especially the Mangla Dam Resettlement Organisation, to provide all possible residential facilities in New Mirpur City and Small towns to ensur
Published 24 Aug, 2012 12:00am
Creation of new provinces: Parliamentary panel to meet on August 28

Creation of new provinces: Parliamentary panel to meet on August 28

The 12-member parliamentary committee, formed by Speaker National Assembly Dr Fehmida Mirza for formation of new provinces will hold its first meeting on August 28. The NA Speaker had formed the committee last week on the directives of President Asif Zard
Published 24 Aug, 2012 12:00am
Man arrested by LHC security officials

Man arrested by LHC security officials

The Lahore High Court security officials here on Thursday arrested a man for taking pictures of portraits of retired judges displayed in the courtroom of Chief Justice of Pakistan. The security officials said they stopped Muhammad Saleem from taking pictu
Published 24 Aug, 2012 12:00am
Dawoodi Bohra members call on President

Dawoodi Bohra members call on President

A delegation comprising members of Dawoodi Bohra community called on President Asif Ali Zardari at Bilawal House on Thursday. The delegation included Ibrahim Ezzum, Taikhoon Mohi-ud-Din, Abdem Anaf Hakeem-ud-Din, Kumail Younas, Hussain Kumail and Mustansa
Published 24 Aug, 2012 12:00am
Non-production of girl: LHC issues arrest warrants of DPO Chiniot

Non-production of girl: LHC issues arrest warrants of DPO Chiniot

The Lahore High Court here on Thursday issued non bailable arrest warrants of District Police Officer (DPO) Chiniot Rana Shahzad for not producing a girl allegedly detained by police. Petitioner Hafiz Aslam stated that his daughter (S) was subjected to ra
Published 24 Aug, 2012 12:00am
No increase in GCU fee this year: vice chancellor

No increase in GCU fee this year: vice chancellor

Government College University Lahore Vice Chancellor, Professor Dr Muhammad Khaleequr Rahman on Thursday announced that the university would not increase its fee this year despite all the financial crunch and reduction in government grants. A notification
Published 24 Aug, 2012 12:00am
PRA seeks customs', shipping agents' data from PRAL

PRA seeks customs', shipping agents' data from PRAL

Punjab Revenue Authority (PRA) has requested the Pakistan Revenue Automation Limited (PRAL) to provide it data of customs agents, shipping agents, importers and exporters who have dealt with or imported or exported cargo for or from Punjab through customs
Published 24 Aug, 2012 12:00am
LHC directs ministry to allocate Hajj quota on merit

LHC directs ministry to allocate Hajj quota on merit

The Lahore High Court Chief Justice Umar Ata Bandial here on Thursday directing Ministry of Religious Affairs to allocate Hajj quota purely on merit disposed of a petition of three private tour operators. The petitioners Imran and others submitted that th
Published 24 Aug, 2012 12:00am
Aptma's annual dinner on August 27

Aptma's annual dinner on August 27

President Asif Ali Zardari will be the chief guest at the annual dinner of All Pakistan Textile Mills Association (Aptma) on August 27. Federal Ministers, Secretaries and senior officials from diplomatic circles will also attend the dinner. The textile in
Published 24 Aug, 2012 12:00am
LCCI urges government to withdraw hike in POL prices

LCCI urges government to withdraw hike in POL prices

The Lahore Chamber of Commerce and Industry (LCCI) on Thursday urged the government to withdraw recent hike in oil prices that is bound to jack up cost of doing business in Pakistan. The LCCI President Irfan Qaiser Sheikh said that there is no denying the
Published 24 Aug, 2012 12:00am
PU begins spray campaign against dengue

PU begins spray campaign against dengue

Punjab University Health Centre with collaboration of the office Resident Officer-II has started spray of insecticides for prevention of Dengue fever. Spray teams comprising of 5 to 10 members will carry out the insecticide spray in different parts of bot
Published 24 Aug, 2012 12:00am
15 elected PCGA Central Executive Committee member

15 elected PCGA Central Executive Committee member

At least 15 candidates have been elected unopposed as member of Central Executive Committee of Pakistan Cotton Ginners Association (PCGA) against the vacant seats. It is learnt unofficially here on Wednesday. According to details, 16 candidates have filed
Published 24 Aug, 2012 12:00am
PIAF flays hike in POL products prices

PIAF flays hike in POL products prices

Pakistan Industrial and Traders Associations Front (PIAF) has criticised the government for making massive increase in petroleum prices in one-go and termed it a very bad news for the country's economy which was already facing a number of challenges.
Published 24 Aug, 2012 12:00am
AHAN Board's sixth meeting held

AHAN Board's sixth meeting held

The sixth meeting of AHAN (Aik Hunar Aik Nagar) Board of Directors was held on August 15, at a hotel in Lahore under the Chairpersonship of Samina Khawar Hayat. The Board formally approved and confirmed the decisions taken in the fifth meeting of the BoD.
Published 24 Aug, 2012 12:00am
'Dengue situation fully under control in Punjab'

'Dengue situation fully under control in Punjab'

Due to effective strategy evolved by the provincial government aimed at dengue prevention and control, dengue situation is fully under control, while Punjab Chief Minister Shahbaz Sharif is personally monitoring the situation. This was stated by PML-N Lah
Published 24 Aug, 2012 12:00am
Farmers slam fuel price hike

Farmers slam fuel price hike

Farmers on Thursday sharply reacted to the recent hike in the price of petroleum products, saying that growers' input costs had increased by 2.5 to 3 times over the past four years. Chief of Pakistan Agricultural Scientists Association (PASA) Jamshed Iqba
Published 24 Aug, 2012 12:00am
Masses must elect honest, competent people: JI Ameer

Masses must elect honest, competent people: JI Ameer

Ameer, Jamaat-i-Islami, Pakistan, Syed Munawar Hassan, has said that the things in the country won't improve by cursing or abusing the rulers and the masses would have to change their attitude and entrust the affairs of the state to honest and competent p
Published 24 Aug, 2012 12:00am
Barber's eye, lips, tongue mutilated

Barber's eye, lips, tongue mutilated

A barber was recovering in hospital after being horrifically mutilated over a relationship with a married woman from an influential local family, police said Thursday. Officers said Yousaf Khan, 32, was kidnapped by seven members of a land-owning family w
Published 24 Aug, 2012 12:00am
Social tensions

Social tensions

The ground-reality that people in the upper economic brackets are immune from the curse of loadshedding as they have by now made alternative arrangements is contributing to raising social tensions in the country. The question whether it is the polity pres
Published 24 Aug, 2012 12:00am
As West lags, World Economic Forum turns to emerging regions

As West lags, World Economic Forum turns to emerging regions

The World Economic Forum (WEF) is mainly associated with its annual meetings held amid snowy Swiss mountains in Davos. But lately, organisers have been shifting more and more of their activities to faster-growing regions outside Europe.
Published 24 Aug, 2012 12:00am
Pakistan - a state in economic crises - II

Pakistan - a state in economic crises - II

Political independence or governance: The creation of a separate political state has no direct relationship with the economic mindset of the common man and their inspiration. Lack of economic and political considerations and economic realities of c
Published 24 Aug, 2012 12:00am
Uprooting terrorism

Uprooting terrorism

Addressing the 65th Independence Day parade at the Pakistan Military Academy Kakul in Abbottabad - a place where Osama bin Laden resided for years before being killed on 2 May 2011 by an operation conducted by US special forces directly under the command
Published 24 Aug, 2012 12:00am
Legality of drone attacks

Legality of drone attacks

Thank God! at long last someone from behind the high walls of the moralising West has spoken against the barbaric drone attacks. No doubt there has been lingering, low-key debate in the Western media and social networks about the legality of drone attacks
Published 24 Aug, 2012 12:00am
The power sector: the PM's claims

The power sector: the PM's claims

Prime Minister Raja Pervez Ashraf stated that since March 2008, when the PPP government took over the rein, it has provided 1.2 trillion rupees as subsidy to the power sector, added 3500 MW to the national grid and initiated short-, medium- and long-term
Published 24 Aug, 2012 12:00am
SU vice chancellor visits international university's site

SU vice chancellor visits international university's site

Sindh University Vice Chancellor Dr Nazir A Mughal has visited the proposed land for the establishment of international university of peace and Sufism situated at Bhit Shah, District Matiari. According to a statement issued here, vice chancellor Dr Mughal
Published 24 Aug, 2012 12:00am
Cellular companies: KCCI welcomes decision to stop pre-paid services

Cellular companies: KCCI welcomes decision to stop pre-paid services

Businessmen Group Chairman and former president KCCI Siraj Kassam Teli and President Karachi Chamber of Commerce and Industry Mian Abrar Ahmad on Thursday appreciated the government decision to suspend cellular services in Karachi and other major cities o
Published 24 Aug, 2012 12:00am
KWSB's pipeline bursts at Gharo pumping station

KWSB's pipeline bursts at Gharo pumping station

A 36-inch diameter main water line at Old Gharo pumping station burst on Thursday due to the power break down. According to officials at Karachi Water and Sewerage Board (KWSB) this iron pipeline has been in use since 1943 and KWSB is unable to change it
Published 24 Aug, 2012 12:00am
Byco clarifies its position on OGDC dues

Byco clarifies its position on OGDC dues

Oil and Gas Development Company (OGDC) has proposed to work with Byco Petroleum Pakistan Limited (BPPL) on L/C basis for sale of crude oil. This mechanism is expected to keep the payment secured and current under a given set of commercial terms.
Published 24 Aug, 2012 12:00am
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